As it recovers from the hiccups linked to the route in Kenya – which threatened its fuel supply monopoly – Uganda National Oil Company (Unoc) on Tuesday signed sales and purchase agreements (SPAs) with the market’s biggest fuel dealers, in contracts that will tie over 80 oil marketers in Uganda to the State-owned firm for the long term.
This development follows the recent signing of the tripartite agreement between the governments of Uganda, Kenya, and Unoc at State House in Nairobi, with the first products expected next month, officials said.
